New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism. Supreme Court, which in May 2018 struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. 3 Super Bowl on which bettors have been able to place legal online wagers. The NCAA men’s basketball tournament stands as the largest sporting event since the Feb. And about 4.1 million will place bets at casino sportsbooks or via legal mobile apps. But about 18 million of those bettors will place their money – an estimated $3.9 billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. The annual NCAA men’s Division 1 basketball tournament will attract an estimated $8.5 billion in bets from some 47 million consumers in the U.S., according to the American Gaming Association. March Madness has a new flavor this year: legal online betting.
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